Deal numbers
- Est. cap rate
- 3.6%
- Assumed rent, all units
- $5,610/mo
- Units
- 3
- Price per unit
- $313,300
- Est. annual NOI
- $33,660
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $63,954
- Operating expenses
- $31,977
- Net operating income
- $31,977
- Annual debt service
- $56,279
- Annual cash flow
- -$24,302
- Cash on cash return
- -10.3%
- Down payment
- $234,975
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Triplex
- Bedrooms
- 3
- Building size
- 3,304 sqft
- Lot size
- 5,402 sqft
- Year built
- 1964
- Stories
- 2
- Garage spaces
- 1
- Heating
- Forced Air
- Pool
- None
- Status
- Active
- Days on market
- 167
- MLS #
- 245149250
About this property
Charming 3-unit investment opportunity in South Gate — sold in AS-IS condition with tenants in place. Ideal for investors or owner-occupants seeking steady income and upside potential.Property highlights: Unit 1: 3 bed / 2 bath Unit 2: 2 bed / 1 bath Unit 3: 2 bed / 1 bath (very spacious units throughout) All units tenant-occupied — please respect tenant privacy; showings by appointment only. Sold AS-IS; no seller repairs or credits. Strong rental demand area; potential for increased cash flow with updates and turnover. Great location, close to Shopping centers, Parks, Schools, churches, etc... No Gas service at all, everything is Electrical and each tenant pays for their own utilities exept for water service. Washer and Laundry room exist but not functional.
Location
3062 Ardmore
South Gate, Los Angeles, CA, 90280